Real Estate Investing in Centralia, Kansas (66415)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66415 (Centralia, KS)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centralia, KS (66415)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66415 Centralia
In practical terms, ZIP 66415 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $207K median. It rewards specialists, not generalists.
For an experienced owner, 66415 can be a a viable market for hunting ground — but the discount at $207K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Centralia have seen price recovery that 66415 has not matched. Nemaha County data supports the view that the spread is structural rather than temporary.
The 66415 ZIP's population of 763 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Centralia:
Market Trends
Home Value History (with trend line)
📊 How Does 66415 Compare?
| Metric | 66415 | Centralia | Kansas |
|---|---|---|---|
| Home Value | $206,577 | $206,577 | $237,409 |
| 5-Year CAGR | 8.1% | 8.1% | 7.2% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66415 (Centralia, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66415 (Centralia, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $206,577 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66415
Population: 763
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 66415
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How tight is the rental market in Centralia, KS?
Centralia, KS carries elevated vacancy risk. Expect stable absorption at market rents of $873/mo.
How qualified is the tenant pool in Centralia, KS?
The tenant pool in Centralia, KS is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
How much is rent in Centralia, KS?
Centralia, KS rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $207K acquisition costs.
Does house hacking make sense in Centralia, KS?
House hacking in Centralia, KS is reasonable to execute. Prices around $207K and rents of $873/mo solid owner-occupant economics.
Is Centralia, KS better for rentals, flips, or BRRRR?
Centralia, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($207K prices, $873/mo rents) make it a reasonable choice.
You know 66415 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66415 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 66415 (Centralia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66415 (Centralia, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.